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The U.S. government plans to sell its ownership stake in majority of 218 banks that still have not repaid TARP funds.

Staff
Dayton Business Journal

The U.S. government plans to sell its ownership stake in majority of 218 banks that still have not repaid TARP funds. The sales will take place in 2013, according to the LA Times.

The Times reports that the sales are part of the U.S. Treasury Department's efforts to close out the Troubled Asset Relief Program, or TARP.

The government recently sold its remaining shares in American International Group, or AIG, and most of the 707 banks that got some of the roughly $200 billion in TARP funds during the recession have paid back their money.

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